In Marg ERP Software, the user can Charge Interest from Party in Bill by Bill Balancing Method.

• Go to Books > Interest Reports > Bill wise Interest.

The user will select the options as per the requirement.

a. Statement From: The user will mention the date from which the statement needs to be viewed.

b. To: The user will mention the date till which the statement needs to be viewed.

c. Bill's: The user will select 'Transaction' to view statement for transactions only otherwise keep it as 'All'.

d. Statement: The user will select the format of the statement in which report needs to be viewed.

e. Cr.Days from Bill: The user will select 'Yes' to pick Credit Days from Bill otherwise keep it as 'No'.

f. Cr.Days Default: The user will mention the Default credit days for the statement as per the requirement.

g. Days from Date: The user will select 'Due' to calculate interest from due days otherwise keep it as 'Bill' to calculate from the bill date.

h. Print Ageing: The user will select 'Yes' to feed the ageing basis otherwise keep it as 'No'.

i. Interest Receive : Late Receipt : The user will mention the Interest percentage for charging interest on late receipt.

j. Interest Issue : Early Receipt : The user will mention the Interest percentage for issuing interest on early receipt.

k. Interest Issue : Late Adjusted : The user will mention the Interest percentage for issuing interest on late adjustment.

Now, click on 'View/Print' button as per the requirement.

Suppose select 'View'.

• Press 'Enter' key on the party for which interest needs to be charged.
• Suppose select 'Sankeshwar Gold'.

• Press 'ESC' key to charge interest for party.

• In 'Save in Accounts' option, select 'Yes' to post interest in ledger.

• A 'Voucher' window will open in which the user will feed the date as per the requirement and then press 'Enter' key.

• The Voucher entry will auto create and then user will keep pressing 'Enter' key to save the voucher.

• Click on 'Save' button.

After following the above steps, the user can view Interest in Bill by Bill balancing method will get posted in Party Ledger in Marg ERP Software.